SNG: Egypt: Madinet Masr logs $230mln in Q1 2025 contracted sales

About this update from Madinet Masr For Housing & Development

Staff WriterArab Finance: Madinet Masr reported contracted sales of EGP 11.5 billion during the first quarter (Q1) of 2025, down 22.9% year on year (YoY), as per an emailed press release.The company delivered 1,013 units in Q1 2025, a sharp increase from 140 units in the same period last year, marking an annual growth of 623.6%.Revenue declined by 16.7% YoY to EGP 2.6 billion, driven by a 23.4% drop in new sales revenue.Gross profit fell by 30.9% to EGP 1.7 billion due to lower revenue and higher operating costs, with the gross profit margin narrowing to 65.2% from 78.6% a year earlier.EBITDA dropped by 33.5% YoY to EGP 1.0 billion, with an EBITDA margin of 40.7%.Net profit also decreased by 32.6% to EGP 794.9 million, while the net profit margin remained stable at 31.0%.Net borrowings declined by 19.2% to EGP 675.3 million as of March 31, 2025, compared to EGP 835.6 million at the end of 2024.Cash collections rose slightly by 1.7% YoY to EGP 3.4 billion, reflecting improved collection efficiency.© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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